Precious metals are apparently waking up. And here is where you can find the best deals.
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Passage of a GOP budget that added $300 billion in new spending has focused plenty of attention on surging federal government debt over the last week or so. But Uncle Sam isn't the only one running up those credit cards. Everyday Americans are also piling on the debt.Total household debt soared to a record $13 trillion dollars in 2017, according to the latest data released by the Federal Reserve Bank of New York's Center for Microeconomic Data.
“…a ruinous fiscal deficit in excess of 15% of GDP will be Trump’s legacy.”
"At the height of its power, even the mighty Roman Empire could not stare down a collapsing economy and a burgeoning military. Prolonged periods of war and false economic prosperity largely led to its demise."
Another State Becomes Gold & Silver Friendly By Voting To Remove Gold & Silver Income TaxationFebruary 14, 2018
"This legislation will help citizens protect themselves from the inflation and financial turmoil caused by the Federal Reserve System..."
The discussion the rising economic power's of China, Russia, India, and other nations and why they are now a threat to the U.S. dollar hegemony.
Gold was choppy overnight in a range of $1329.90 - $1337, fading movements in the dollar (DX from 89.37 – 89.75). Early during Asian hours, gold rallied to its high, taking out resistance at $1331-32 (double top, 2/7 and 2/13 highs, down trendline from 1/25 $1366 high) as the DX slid to support in front of its 2/6 low at 89.36 from a stronger yen (107.89 -106.85) - despite a miss on Japanese GDP.
"The world’s top oil importer, China, is expected to launch its long-awaited and delayed yuan-denominated oil futures contract at the end of March, according to Reuters’ sources."
"Smart money is beginning to wake up to the perpetual mismanagement of the long-term trend by the government."
Lynette says you cannot take all of the garbage debt into the new system. Here's why a global debt reset is inevitable...
This could spark a renewed flight into safe havens, which would benefit gold,” said Carsten Fritsch, commodities analyst at Commerzbank.
In this video, Rory and Chris discuss monetary issues, along with gold and silver
Gold & Silver Fight Back! A Bullish Reversal Is In The Works After A Failed Cartel Paper DumpFebruary 14, 2018
The 8:30 a.m. cartel smash was an epic fail. The cartel is now forced to retreat as gold & silver fight back! Here's an update on the wild price action...
"It’s likely we’re in the early innings of spiraling silver prices as more and more investors decide they simply can’t let this bull leave them behind."
"In August, Dalio recommended investors consider placing 5 percent to 10 percent of their assets in gold."
There aren’t many investment scenarios you can point to with any degree of certainty and say, “This asset is going to rise.” Saying so is usually fraught with risk, even if in hindsight it turns out to have been an accurate call. But there are certainly times when you can see that the odds are heavily stacked in your favor. And we have one of those potential scenarios right now in gold.
As I’ve been stating for weeks now, inflation is the big theme for 2018. Even the Fed’s ridiculous CPI measure is coming in higher than expected (though real inflation is now at 3%). Why is this a big problem? Because inflation is going to: 1) Either blow up the Everything Bubble 2) Force Central Banks
It will be a flight from the dollar that will spike oil prices & give us an inflation. This will tend to spike gold prices
"Lost in the chaos surrounding the blistering January inflation print, i.e. the market's worst-case scenario which sent yields and the dollar soaring, and futures tumbling, was a just as troubling indication that the US consumer has officially tapped out."
"The report sent Treasuries and stocks tumbling as it added to concerns about an inflation pickup that have roiled financial markets this month."